Sale to Private Equity
Gnist partners with Altor
On 1 May 2018, Altor Fund IV signed an agreement to enter into a partnership and acquire a majority of the Norwegian preschool chain Gnist Barnehager AS. The founders and owners, Kjersti and Bjørn Grønmyr, will continue to stay active and own a minority stake in the company.

Gnist is a chain of privately owned preschools located in Hordaland, Møre and Romsdal and Trøndelag. Gnist has a unique concept focusing on a systematic approach to operations, supported by good practices. This ensures high and consistent quality in all Gnist preschools, with focus on the child’s individual needs and close cooperation with highly satisfied parents. The approach ensures that each child is given individual attention, follow-up and feels included in order to enable them to learn and grow at their own pace. The Gnist chain currently comprises 17 preschools, with 500 employees and approximately 2,000 children enrolled, with plans to develop the concept in the rest of Norway.

Altor is a family of private equity funds focused on investing in and developing medium sized companies with a Nordic origin. Since inception, the family of Altor funds has raised some EUR 5.8 billion in total commitments. The funds have invested in excess of EUR 3.8 billion in more than 40 companies. Among current and past investments are Lindorff, Helly Hansen, Carnegie, Spectrum, EWOS, Dustin, Rossignol, S Banken and SATS ELIXIA.

Alpha Corporate Finance has acted as financial advisor to the founding shareholders of Gnist.

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